04:05 Issue 27

04:05 GLOBAL

according to the usual rules. Everyone is trying to move upwards at the same time on a downward-moving escalator. Who stepped on whose foot, who jumped over someone who had fallen, who was left behind despite years of experience…it is hard to tell. Unfortunately, these are very ruthless times. CV Botox An interesting concept has been discussed overseas recently: “CV Botox.” Experienced professionals, in particular, are redesigning their CVs to make themselves appear younger, more current and more technologically up to date. The aim is to get past the initial screening barriers. This can be important. But sometimes the problem is not your CV. The problem is that the industry on which you built your career is shrinking. You can give your CV Botox. But you cannot give Botox to a shrinking industry. This is why, when it comes to career planning, betting on the wrong horse is not just about choosing the right company. You also need to

Because if you are in a growing industry, even average performance can carry you upwards. Many boats rise together when the tide is rising.

Many professions based on knowledge, expertise and creativity, in particular, are undergoing significant transformation with artificial intelligence. Skills that were considered highly valuable yesterday are being questioned again today. But beyond all of this, there is a bigger risk: being in an industry that is itself in decline. This was exactly what came to mind when I read in the Financial Times that Volkswagen was turning to headhunting firms to help senior executives leaving the company find new jobs. The issue is not simply that one company is downsizing. The issue is that the entire industry is changing direction at the same time. During periods like these, competition no longer operates

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GLOBAL PAYROLL MAGAZINE ISSUE 27

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